[go: up one dir, main page]
IDEAS home Printed from https://ideas.repec.org/a/eee/energy/v157y2018icp327-335.html
   My bibliography  Save this article

Using a novel multi-variable grey model to forecast the electricity consumption of Shandong Province in China

Author

Listed:
  • Wu, Lifeng
  • Gao, Xiaohui
  • Xiao, Yanli
  • Yang, Yingjie
  • Chen, Xiangnan
Abstract
The electricity consumption forecasting problem is especially important for policy making in developing region. To properly formulate policies, it is necessary to have reliable forecasts. Electricity consumption forecasting is influenced by some factors, such as economic, population and so on. Considering all factors is a difficult task since it requires much detailed study in which many factors significantly influence on electricity forecasting whereas too many data are unavailable. Grey convex relational analysis is used to describe the relationship between the electricity consumption and its related factors. A novel multi-variable grey forecasting model which considered the total population is developed to forecast the electricity consumption in Shandong Province. The GMC(1,N) model with fractional order accumulation is optimized by changing the order number and the effectiveness of the first pair of original data by the model is proven. The results of practical numerical examples demonstrate that the model provides remarkable prediction performances compared with the traditional grey forecasting model. The forecasted results showed that the increase of electricity consumption will speed up in Shandong Province.

Suggested Citation

  • Wu, Lifeng & Gao, Xiaohui & Xiao, Yanli & Yang, Yingjie & Chen, Xiangnan, 2018. "Using a novel multi-variable grey model to forecast the electricity consumption of Shandong Province in China," Energy, Elsevier, vol. 157(C), pages 327-335.
    • Handle: RePEc:eee:energy:v:157:y:2018:i:c:p:327-335
    DOI: 10.1016/j.energy.2018.05.147
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0360544218309812
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.energy.2018.05.147?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Abdulkerim Karaaslan & Mesliha Gezen, 2017. "Forecasting of Turkey s Sectoral Energy Demand by Using Fuzzy Grey Regression Model," International Journal of Energy Economics and Policy, Econjournals, vol. 7(1), pages 67-77.
    2. Kumar, Ujjwal & Jain, V.K., 2010. "Time series models (Grey-Markov, Grey Model with rolling mechanism and singular spectrum analysis) to forecast energy consumption in India," Energy, Elsevier, vol. 35(4), pages 1709-1716.
    3. Yi-Chung Hu & Peng Jiang, 2017. "Forecasting energy demand using neural-network-based grey residual modification models," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 68(5), pages 556-565, May.
    4. Tsai, Sang-Bing & Xue, Youzhi & Zhang, Jianyu & Chen, Quan & Liu, Yubin & Zhou, Jie & Dong, Weiwei, 2017. "Models for forecasting growth trends in renewable energy," Renewable and Sustainable Energy Reviews, Elsevier, vol. 77(C), pages 1169-1178.
    5. Pao, Hsiao-Tien & Tsai, Chung-Ming, 2011. "Modeling and forecasting the CO2 emissions, energy consumption, and economic growth in Brazil," Energy, Elsevier, vol. 36(5), pages 2450-2458.
    6. Li, Der-Chiang & Chang, Che-Jung & Chen, Chien-Chih & Chen, Wen-Chih, 2012. "Forecasting short-term electricity consumption using the adaptive grey-based approach—An Asian case," Omega, Elsevier, vol. 40(6), pages 767-773.
    7. Yukseltan, Ergun & Yucekaya, Ahmet & Bilge, Ayse Humeyra, 2017. "Forecasting electricity demand for Turkey: Modeling periodic variations and demand segregation," Applied Energy, Elsevier, vol. 193(C), pages 287-296.
    8. Akay, Diyar & Atak, Mehmet, 2007. "Grey prediction with rolling mechanism for electricity demand forecasting of Turkey," Energy, Elsevier, vol. 32(9), pages 1670-1675.
    9. Rahman, Aowabin & Srikumar, Vivek & Smith, Amanda D., 2018. "Predicting electricity consumption for commercial and residential buildings using deep recurrent neural networks," Applied Energy, Elsevier, vol. 212(C), pages 372-385.
    10. Silva, Felipe L.C. & Souza, Reinaldo C. & Cyrino Oliveira, Fernando L. & Lourenco, Plutarcho M. & Calili, Rodrigo F., 2018. "A bottom-up methodology for long term electricity consumption forecasting of an industrial sector - Application to pulp and paper sector in Brazil," Energy, Elsevier, vol. 144(C), pages 1107-1118.
    11. Xu, Ning & Dang, Yaoguo & Gong, Yande, 2017. "Novel grey prediction model with nonlinear optimized time response method for forecasting of electricity consumption in China," Energy, Elsevier, vol. 118(C), pages 473-480.
    12. Hongze Li & Sen Guo & Huiru Zhao & Chenbo Su & Bao Wang, 2012. "Annual Electric Load Forecasting by a Least Squares Support Vector Machine with a Fruit Fly Optimization Algorithm," Energies, MDPI, vol. 5(11), pages 1-16, November.
    13. Shaikh, Faheemullah & Ji, Qiang & Shaikh, Pervez Hameed & Mirjat, Nayyar Hussain & Uqaili, Muhammad Aslam, 2017. "Forecasting China’s natural gas demand based on optimised nonlinear grey models," Energy, Elsevier, vol. 140(P1), pages 941-951.
    14. Pao, Hsiao-Tien & Fu, Hsin-Chia & Tseng, Cheng-Lung, 2012. "Forecasting of CO2 emissions, energy consumption and economic growth in China using an improved grey model," Energy, Elsevier, vol. 40(1), pages 400-409.
    15. Zhang, Ming & Mu, Hailin & Li, Gang & Ning, Yadong, 2009. "Forecasting the transport energy demand based on PLSR method in China," Energy, Elsevier, vol. 34(9), pages 1396-1400.
    16. Zhou, P. & Ang, B.W. & Poh, K.L., 2006. "A trigonometric grey prediction approach to forecasting electricity demand," Energy, Elsevier, vol. 31(14), pages 2839-2847.
    17. Zhu, Suling & Wang, Jianzhou & Zhao, Weigang & Wang, Jujie, 2011. "A seasonal hybrid procedure for electricity demand forecasting in China," Applied Energy, Elsevier, vol. 88(11), pages 3807-3815.
    18. Shao, Zhen & Chao, Fu & Yang, Shan-Lin & Zhou, Kai-Le, 2017. "A review of the decomposition methodology for extracting and identifying the fluctuation characteristics in electricity demand forecasting," Renewable and Sustainable Energy Reviews, Elsevier, vol. 75(C), pages 123-136.
    19. de Oliveira, Erick Meira & Cyrino Oliveira, Fernando Luiz, 2018. "Forecasting mid-long term electric energy consumption through bagging ARIMA and exponential smoothing methods," Energy, Elsevier, vol. 144(C), pages 776-788.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Debnath, Kumar Biswajit & Mourshed, Monjur, 2018. "Forecasting methods in energy planning models," Renewable and Sustainable Energy Reviews, Elsevier, vol. 88(C), pages 297-325.
    2. Wang, Qiang & Li, Shuyu & Li, Rongrong & Ma, Minglu, 2018. "Forecasting U.S. shale gas monthly production using a hybrid ARIMA and metabolic nonlinear grey model," Energy, Elsevier, vol. 160(C), pages 378-387.
    3. Weiwei Pan & Lirong Jian & Tao Liu, 2019. "Grey system theory trends from 1991 to 2018: a bibliometric analysis and visualization," Scientometrics, Springer;Akadémiai Kiadó, vol. 121(3), pages 1407-1434, December.
    4. Atif Maqbool Khan & Magdalena Osińska, 2021. "How to Predict Energy Consumption in BRICS Countries?," Energies, MDPI, vol. 14(10), pages 1-21, May.
    5. Suganthi, L. & Samuel, Anand A., 2012. "Energy models for demand forecasting—A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(2), pages 1223-1240.
    6. Gholami, M. & Barbaresi, A. & Torreggiani, D. & Tassinari, P., 2020. "Upscaling of spatial energy planning, phases, methods, and techniques: A systematic review through meta-analysis," Renewable and Sustainable Energy Reviews, Elsevier, vol. 132(C).
    7. Naiming Xie & Alan Pearman, 2014. "Forecasting energy consumption in China following instigation of an energy-saving policy," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 74(2), pages 639-659, November.
    8. Zhao, Huiru & Guo, Sen, 2016. "An optimized grey model for annual power load forecasting," Energy, Elsevier, vol. 107(C), pages 272-286.
    9. An, Ning & Zhao, Weigang & Wang, Jianzhou & Shang, Duo & Zhao, Erdong, 2013. "Using multi-output feedforward neural network with empirical mode decomposition based signal filtering for electricity demand forecasting," Energy, Elsevier, vol. 49(C), pages 279-288.
    10. Aneeque A. Mir & Mohammed Alghassab & Kafait Ullah & Zafar A. Khan & Yuehong Lu & Muhammad Imran, 2020. "A Review of Electricity Demand Forecasting in Low and Middle Income Countries: The Demand Determinants and Horizons," Sustainability, MDPI, vol. 12(15), pages 1-35, July.
    11. Zhu, Xiaoyue & Dang, Yaoguo & Ding, Song, 2020. "Using a self-adaptive grey fractional weighted model to forecast Jiangsu’s electricity consumption in China," Energy, Elsevier, vol. 190(C).
    12. Liu, Chong & Wu, Wen-Ze & Xie, Wanli & Zhang, Jun, 2020. "Application of a novel fractional grey prediction model with time power term to predict the electricity consumption of India and China," Chaos, Solitons & Fractals, Elsevier, vol. 141(C).
    13. Li, Guo-Dong & Masuda, Shiro & Nagai, Masatake, 2012. "An optimal hybrid model for atomic power generation prediction in Japan," Energy, Elsevier, vol. 45(1), pages 655-661.
    14. Zhang, Yunxin & Guo, Huan & Sun, Ming & Liu, Sifeng & Forrest, Jeffrey, 2023. "A novel grey Lotka–Volterra model driven by the mechanism of competition and cooperation for energy consumption forecasting," Energy, Elsevier, vol. 264(C).
    15. Hamzacebi, Coskun & Es, Huseyin Avni, 2014. "Forecasting the annual electricity consumption of Turkey using an optimized grey model," Energy, Elsevier, vol. 70(C), pages 165-171.
    16. Pao, Hsiao-Tien & Fu, Hsin-Chia & Tseng, Cheng-Lung, 2012. "Forecasting of CO2 emissions, energy consumption and economic growth in China using an improved grey model," Energy, Elsevier, vol. 40(1), pages 400-409.
    17. Li, Chuan & Tao, Ying & Ao, Wengang & Yang, Shuai & Bai, Yun, 2018. "Improving forecasting accuracy of daily enterprise electricity consumption using a random forest based on ensemble empirical mode decomposition," Energy, Elsevier, vol. 165(PB), pages 1220-1227.
    18. Xie, Wanli & Wu, Wen-Ze & Liu, Chong & Zhao, Jingjie, 2020. "Forecasting annual electricity consumption in China by employing a conformable fractional grey model in opposite direction," Energy, Elsevier, vol. 202(C).
    19. Paul Anton Verwiebe & Stephan Seim & Simon Burges & Lennart Schulz & Joachim Müller-Kirchenbauer, 2021. "Modeling Energy Demand—A Systematic Literature Review," Energies, MDPI, vol. 14(23), pages 1-58, November.
    20. Zhang, Meng & Guo, Huan & Sun, Ming & Liu, Sifeng & Forrest, Jeffrey, 2022. "A novel flexible grey multivariable model and its application in forecasting energy consumption in China," Energy, Elsevier, vol. 239(PE).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:energy:v:157:y:2018:i:c:p:327-335. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.journals.elsevier.com/energy .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.